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1 year ago

Larry values attending NoName at 15000 per year. What is Larry;s economic surplus if he attends state college

1 answer:

7 0

His net benefit from attending State College is $40,000 – $20,000, or $20,000. Additionally, his net benefit from attending NoName U is $15,000 minus $0, which equals $15,000. Therefore, if he enrolls in State College, his economic surplus will be at its peak.

What is Economic?

Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively.

The two branches of economics are microeconomics and macroeconomics.

Economics focuses on efficiency in production and exchange.

Learn more about Economic with the help of given link:-

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3 years ago

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3 years ago

What is income elasticity onlyy

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3 years ago

Eugene agrees to finish painting Hazel’s house within two weeks of the time they agree to in the contract. A week in, Eugene rea

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Yes, Hazel needs to pay extra $700

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Modifications are valid in case of unforeseen contingencies like war, recession, change in economic conditions and strikes.

In this case, Hazel agreed to pay $700 extra. Under pre-existing duty rule, she is not required to pay Eugene extra $700 but since Eugene took additional help exception to the rule applies and Hazel is obligated to pay $700 extra.

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2 years ago

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Based on the information given we were told that when he received the bill, their was large charges in excess of his maximum out-of-pocket limit which is a limit on the amount of money a person or an individual have to pay for covered medical care services in which we were still told that the large charges in excess of his maximum out-of-pocket limit also include a number of services and items he thought would be fully covered, therefore since he called you to ask what he could do, What you could tell him is that you will offer to help him review all the plans appeal process and to as well help him to ask the plan to review the coverage decision which is why coverage decision is of benefit because it enables a person or an individual to makes decision about their benefits including the amount they have to pay for their medical services plan.

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3 years ago